Development of MFC at Dehradun railway station Rail Land Development Authority PROJECT INFORMATION MEMORANDUM FOR MULTIFUNCTIONAL COMPLEX AT DEHRADUN RailLand Development Authority Near Safdarjung Railway Station, Moti Bagh-1 New Delhi – 110021 Project Information Memorandum Page 1 Development of MFC at Dehradun railway station Rail Land Development Authority DISCLAIMER This Project Information Memorandum (the “PIM”)is issued by Rail Land Development Authority (RLDA) in pursuant to the Request for Proposal videRFP Notice No. RLDA/RFP/MFC/1 of 2012 to provide interested parties hereof a brief overview of plot of land (the “Site”) and related information about the prospects for development of multifunctional complex at the Site on long term lease. The PIM is being distributed for information purposes only and on condition that it is used for no purpose other than participation in the tender process. The PIM is not a prospectus or offer or invitation to the public in relation to the Site. The PIM does not constitute a recommendation by RLDA or any other person to form a basis for investment. While considering the Site, each bidder should make its own independent assessment and seek its own professional, financial and legal advice. Bidders should conduct their own investigation and analysis of the Site, the information contained in the PIM and any other information provided to, or obtained by the Bidders or any of them or any of their respective advisers. While the information in the PIM has been prepared in good faith, it is not and does not purport to be comprehensive or to have been independently verified and neither RLDA nor any of its officers, employees, advisers or consultants accept any liability or responsibility for the accuracy, reasonableness or completeness of, or for any errors, omissions or misstatements, negligent or otherwise, relating to, or makes any representation or warranty, express or implied, with respect to, the information contained in the PIM or on which the PIM is based or with respect to any written or oral information made or to be made available to any of the Bidder or its professional advisers and, so far as permitted by law and except in the case of fraudulent misrepresentation by the party concerned, any liability therefore is hereby expressly disclaimed. The information contained in the PIM is selective and is subject to updating, expansion, revision and amendment. It does not, and does not purport to, contain all the information that a Bidder may require. Neither RLDA nor any of its advisers undertakes to provide any Bidder with access to any additional information or to update the information in the PIM or to correct any inaccuracies therein, which may become apparent. Each Bidder must conduct its own analysis of the information contained in the PIM and is advised to carry out its own investigation into the prospects of developing the Site, the legislative and regulatory regime which applies to commercial development in India, and all matters pertinent to the Site and to seek its own professional advice on the legal, financial, regulatory and taxation consequences of entering into any agreement or arrangement relating to the proposed Site. The PIM is for use only by the Bidders. The PIM may not be copied, or distributed by any Bidder to third parties (other than in confidence to that Bidder’s professional advisers) or prospective consortium members. Under no circumstances should Bidders make contact with officers or employees of MOR unless invited by the MOR or in accordance with the PIM. Project Information Memorandum Page 2 Development of MFC at Dehradun railway station Rail Land Development Authority TABLE OF CONTENTS S.NO PARTICULARS 1 Introduction 4 1.1 Process Chart 4 1.2 Project Potential 5 1.3 Executive Summary 5 1.4 Guidelines on Expression of Interest 5 2 Dehradun 7 2.1 Dehradun City Profile 7 2.2 Location On City Map and Connectivity 7 2.3 Demography 8 2.4 Rail Passenger Traffic 9 2.5 Site Location and Attributes 10 2.6 Site Photographs 12 2.7 Catchment Area 15 2.8 Plot Details and area Statement 16 2.9 Suggested Product Mix 16 2.10 Site Layout 16 Project Information Memorandum Page 3 Development of MFC at Dehradun railway station Rail Land Development Authority INTRODUCTION Multi-functional Complexes (MFC) are to be constructed in station premises for providing rail users facilities like shopping, food stalls and restaurants, book stalls, PCO/STD/ISD/Fax booths, medicine & variety stores, budget hotels, underground parking etc. Accordingly development of Multi-functional Complexes is being taken up in different parts of the country at various railway stations. As part of this initiative of Railways, three sites at Dehradun, Ujjain & Nanded have been identified. Rail Land Development Authority (RLDA) a statutory authority under the Ministry of Railwaysoffersdevelopment of MFC on a Railway Land at Dehradun, Ujjain & Nanded. Lease Period - 45 years lease. Nature of offer - Lease on an “as is where is basis”. RLDA has adopted a single stage two packet system i.e. submission of eligible proposal and financial proposal for selection of the bidder for award of the Project. 1.1 PROCESSCHART Advertisement release and uploading of RFP and PIM Opening & scrutiny of document on RLDA website financial bid and for prospective bidders declaration of the highest along with EOIs from end bidder. users Pre –Bids meeting with prospective bidders. Issue of Acceptance letter. Submission of Bids. Signing of Development Agreement with the successful Bidder. Scrutiny and selection of eligible bidders for opening of financial bid. Project Information Memorandum Page 4 Development of MFC at Dehradun railway station Rail Land Development Authority 1.2 PROJECT POTENTIAL All the3 sites at Dehradun, Nanded and Ujjain offer an excellent opportunity for a successful commercial real estate development owing to the following factors : The sites are located near the Railway station. Easy accessibility to Railway Station, Bus stand and in the city area. Good visibility from station approach road. Opportunity to create a land mark in the city. Land form and topography suitable for the construction A vibrant commercial catchment area 1.3 EXECUTIVE SUMMARY Location:The MFC site is located at the best possible strategic location. It is located right in front of the exit/entry gate of the railway station. Area- 1881sqm. (Approx.) Built up Area -2355sqm. Existing development atsite- The site is already occupied by a one storied old structure exactly in the centre of the plot. Re-development work: The existing structure is to be dismantled and new two nos. Type-IV quarters are to be constructed by Developer as per RLDA’s approved plan. Surroundings –North : Railway quarters East: Railway quarters West: Station road and station building South: PRS building Accessibility - The site is accessible from the station approach road. Topographical Features -The site is elevated by about 3 feet from ground level. 1.4 GUIDELINES ON EXPRESSION OF INTEREST Objective: The Objective of the EOI is to increase the base for the participation in the MFC projects by end users like retailers, hoteliers, banks, pharmacies, bookstores, who operate individually or as large corporate entities, who may or may not be interested in development of the project. The EOI is not a valid bid in the development process, but instead serves as an offer for leasing of the eventual premises. Project Information Memorandum Page 5 Development of MFC at Dehradun railway station Rail Land Development Authority Expressions of interest are invited from end users like large chain retailers, hoteliers, and small individual entrepreneurs interested in leasing the premises on a short term basis (min of 9 years) as an indicative rental for developers who might be interested in leasing the land and developing the project. Expressions of interest are also invited from large developers who have executed projects in multiple cities, who may have a standard set of tenants Since the process followed is an open tender, retailers and hoteliers who are interested in development are advised to send in expressions of interest, as the EOI would provide indicative rentals to the final winner of the bidding process. The EOIs may be annexed to the amended tender document to enable greater transparency for bidders. Retailers and Hoteliers interested in leasing space may send in expressions of interest, as this will provide an indicative rental for final leasing from the winner of the final bid. EOI must be stamped and signed by the authorized signatory of the company. EOI will not be the final contract between the winner of the bid and the end user, which will be subject to negotiations etc. as in the case of any private commercial deal. EOI from developers will not be considered as a valid bid for the project, since the valid bid will be only considered as per the normal rules of tendering by RLDA. 2 DEHRADUN 2.1 CITY PROFILE Dehradun is the capital city of Uttarakhand (Uttaranchal) state and also the headquarters of Dehradun District. Dehradun is also a rail-head and the largest city in the region. History says, the present town of Dehradun was founded in the early eighteenth century by Guru Ram Rai, the elder son of seventh Sikh Guru HarRai, and the founder of the Udasin Sect of Ascetics, who when exiled came here in 1675, and first settled in the village Dhamawala which until today hosts the annual 'Jhanda Fair' on the fifth day after Holi in his memory. The products that have made Dehradun known within India are "Dehradooni basmati rice", bakery products and lychee. Dehradun, being the capital of Uttarakhand, houses all regional and district level government offices. The city has witnessed tremendous growth in the last 20 years.